News: Finance
Ongoing need for better governance of national sports federations
A new study of governance in national sports federations across 15 countries on four continents show that the organisations fail on a number of governance criteria particularly those that…
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Stavros Niarchos Foundation awards US$8,500,000 to Special Olympics to advance inclusivity for youth
One of the world's leading private, international philanthropic organisations -The Stavros Niarchos Foundation - has awarded US$8,500,000 to Special Olympics to launch the Global…
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Disney advises of revival of theme park earnings
The Walt Disney Company has reported that its theme parks business nearly tripled its revenues in the last financial quarter posting a 99% increase in global takings for the three months…
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Fluidra continues global expansion with acquisition of Taylor Water Technologies
World leading pool and wellness industry manufacturer Fluidra has announced the acquisition of Taylor Water Technologies LLC, a leading USA-based manufacturer of water-testing solutions.…
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Xponential Fitness expands to operate 1,000 sites outside of North America
Xponential Fitness, the California, USA-based owner of leading boutique exercise brands, has expanded its network to over 1,000 sites outside of North America following its recent US$44…
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Facebook acquires VR fitness developer Supernatural
Continuing to expand its reach within the virtual reality sector, Meta - formerly known as Facebook - is reported to have acquired fitness developer Supernatural. The new acquisition will…
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International Paralympic Committee advises of 26.7% revenue fall from Tokyo Games
The International Paralympic Committee (IPC) has advised that its year-on-year revenue fell by 26.7% to US$22.4 million for the 2020 financial period as a direct result of the postponement…
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What is driving the financial success of F45, Body Fit Training and Fitstop?
Seemingly unaffected by the COVID-19 related lockdowns and restrictions, recent months have seen Australian founded fitness brands F45, Body Fit Training and Fitstop attract unprecedented…
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